Ricardo (LON:RCDO) Stock Price Down 23.9% – Should You Sell?

Ricardo plc (LON:RCDO) shares dropped 23.9% during trading on Thursday . The stock traded as low as GBX 264 ($3.29) and last traded at GBX 268 ($3.34). Approximately 4,226,869 shares traded hands during mid-day trading, an increase of 827% from the average daily volume of 455,893 shares. The stock had previously closed at GBX 352 ($4.38).

Analyst Ratings Changes

A number of analysts have recently commented on the company. Shore Capital reissued a “sell” rating on shares of Ricardo in a research report on Thursday, October 24th. Berenberg Bank reissued a “buy” rating and issued a GBX 730 ($9.09) target price on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Trading Down 23.9 %

The stock has a market capitalization of £166.72 million, a PE ratio of 26,800.00 and a beta of 0.58. The stock has a 50-day moving average price of GBX 404.05 and a two-hundred day moving average price of GBX 444.94. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86.

Ricardo Company Profile

Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility.